The reality was quite different-just 266,000 new jobs in April, the biggest underperformance in memory, and an unemployment rate increase to 6.1%. Placed in context with what employers are reporting about labor shortages, the jobs report is a stinging rebuke of President Joe Biden's endless stimulus spending spree.
The unemployment bonus means that tens of millions of workers can receive more money being on the dole than by being employed.
Able-bodied workers choosing to stay home causes a variety of harms.
Rather than recognizing that economic recovery depends on workers and investment in the private sector, the Biden administration and its allies are tripling down on a tax-and-spend vision.
Promised jobs from infrastructure work would come up short, while the tax hikes would kill jobs across the economy by discouraging business investment, meaning the plan would be counterproductive.
Biden's $1.8 trillion "Families" plan would kills jobs by increasing personal income taxes on investment income and would discourage work by massively expanding the welfare state.
Rather than approving the self-defeating Biden agenda, Congress and states should work on getting government out of the way by further reforming the tax code, cutting red tape, and putting our finances in order.
It's becoming increasingly difficult to discern fact from fiction, and unfortunately the media has a strong bias. They spin stories to make conservatives look bad and will go to great lengths to avoid reporting on the good that comes from conservative policies. There are a few shining lights in the media landscape-brave conservative outlets that report the truth and offer a different perspective. We must support conservative outlets like this one and ensure that our voices are heard.
Tuesday, May 11, 2021
Abysmal Jobs Report Shows Folly of Biden's Big-Spending Agenda
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